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UNITED STATESSECURITIES AND EXCHANGE COMMISSION
  Washington, D.C.
20549

FORM 40-FAmendment No. 1

[   ] REGISTRATION STATEMENT PURSUANT TO SECTION 12 OF
THE SECURITIES EXCHANGE ACT OF 1934

OR

[X] ANNUAL REPORT PURSUANT TO SECTION 13(a) OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934

For the year ended: December 31, 2015

Commission file number: 001-35329

TIMMINS GOLD CORP.
(Exact Name of Registrant as Specified in its charter)

|British Columbia, Canada           | 1040                         | N/A                                 
|---------------------------------- | ---------------------------- | ------------------------------------
|(Province or other jurisdiction of | (Primary Standard Industrial | (I.R.S. Employer Identification No.)
|incorporation or                   | Classification Code)         |                                     
|organization)                      |                              |                                     

700 West Pender StreetVancouver, British
ColumbiaV6C 1G8(604) 682-4002(Address and
telephone number of Registrants principal executive offices)

CT Corporation System111 Eighth Avenue, 13th
FloorNew York, New York 10011(212)
894-8700(Name, address (including zip code) and telephone number
(including area code) of agent for service in the United States)

Securities registered or to be registered pursuant to Section
12(b) of the Act:

|Title of each class:        | Name of each exchange on which registered:
|--------------------------- | ------------------------------------------
|Common Shares, no par value | NYSE MKT LLC                              

Securities registered or to be registered pursuant to Section
12(g) of the Act: None

Securities for which there is a reporting obligation pursuant
to Section 15(d) of the Act: None

For annual reports, indicate by check mark the information
filed with this form:

|[   ] Annual Information Form | [X] Audited Annual Financial Statements
|----------------------------- | ---------------------------------------

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Indicate the number of outstanding shares of each of the
issuers classes of capital or common stock as of the close of the period
covered by the annual report:

315,142,136 Common Shares

Indicate by check mark whether the Registrant (1) has filed all
reports required to be filed by Section 13 or 15(d) of the Exchange Act during
the preceding 12 months (or for such shorter period that the Registrant was
required to file such reports) and (2) has been subject to such filing
requirements for the past 90 days.Yes
[X]       No [   ]

Indicate by check mark whether the Registrant has submitted
electronically and posted on its corporate Web site, if any, every Interactive
Data File required to be submitted and posted pursuant to Rule 405 of Regulation
S-T (§232.405 of this chapter) during the preceding 12 months (or for such
shorter period that the Registrant was required to submit and post such
files).Yes [   ]        No
[   ]

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EXPLANATORY NOTE

Timmins Gold Corp. (the Company) is filing this Amendment No.
1 to its Annual Report on Form 40-F initially filed on March 30, 2016 (the 2015
Annual Report), solely to revise the report of the Companys independent
auditor, Deloitte LLP (the Auditor Report), contained in the Audited
Consolidated Financial Statements filed as Exhibit 99.3 to the 2015 Annual
Report. Specifically, the Auditor Report originally filed with the 2015 Annual
Report referred to such consolidated financial statements as being presented in
accordance with International Financial Reporting Standards, and such report
is being updated to refer to International Financial Reporting Standards as
issued by the International Accounting Standards Board. Except as specifically
provided in the immediately preceding sentence, the 2015 Annual Report remains
entirely unmodified, regardless of events that may have occurred subsequent to
the initial filing date. A revised Exhibit 99.3, together with a consent of
Deloitte LLP and certifications under Sections 302 and 906 of the Sarbanes-Oxley
Act of 2002, is filed herewith.

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SIGNATURE

Pursuant to the requirements of the Exchange Act,
the Company certifies that it meets all of the requirements for filing on Form
40-F and has duly caused this annual report to be signed on its behalf by the
undersigned, thereto duly authorized.

| | TIMMINS GOLD CORP.                    
| | --------------------------------------
| |                                       
| | By:
      /s/ Mark Backens            
| | Name: Mark Backens                    
| | Title: Interim Chief Executive Officer

Dated: November 29, 2016

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EXHIBIT INDEX

99.1*
    Annual Information Form for the year ended December 31,
      201599.2*
    Managements Discussion and Analysis for the year ended
      December 31, 201599.3**
    Audited annual financial statements for the year ended
    December 31, 201599.4**
    Certificate of Mark Backens required by Rule 13a-14(a) or
      Rule 15d-14(a), pursuant to Section 302 of the Sarbanes-Oxley Act of 200299.5**
    Certificate of Ian Harcus required by Rule 13a-14(a) or
      Rule 15d-14(a), pursuant to Section 302 of the Sarbanes-Oxley Act of 200299.6**
    Certificate of Mark Backens pursuant to 18 U.S.C. Section
      1350, as enacted pursuant to Section 906 of the Sarbanes-Oxley Act of 200299.7**
    Certificate of Ian Harcus pursuant to 18 U.S.C. Section
      1350, as enacted pursuant to Section 906 of the Sarbanes-Oxley Act of 200299.8**
    Consent of Deloitte LLP, Chartered Professional
      Accountants99.9*
    Consent of Alan J. San Martin99.10*
    Consent of Mani M. Verma99.11*
    Consent of Richard M. Gowans99.12*
    Consent of William J. Lewis99.13*
    Consent of Joseph M. Keane99.14*
    Consent of Brent C. Bailey99.15*
    Consent of Jim Cuttle99.16*
    Consent of Gary Giroux99.17*
    Consent of Stephen Taylor99.18*
    Consent of Dino Pilotto99.19*
    Consent of Michael Creek99.20*
    Consent of Tony Loschiavo99.21*
    Consent of Craig Gibson99.22*
    Consent of Kelly McLeod99.23*
    Consent of Herb Welhener99.24*
    Consent of Dawn Garcia99.25*
    Consent of Taj Singh


|*  | Previously filed.
|-- | -----------------
|   |                  
|** | Filed herewith.  

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